By Andrea Heisinger
New York, Feb. 2 - General Electric Capital Corp. reopened its issue of 2.9% five-year senior notes to add $425 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa2/AA+/) were priced at 102.622 to yield 2.334% with a spread of Treasuries plus 162 basis points. The paper is non-callable.
Total issuance is $1,425,000,000, including $1 billion sold on Jan. 4 at 205 bps over Treasuries as part of a $4 billion deal.
Lead manager was J.P. Morgan Securities LLC.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Senior notes, reopened
|
| Amount: | $425 million
|
| Maturity: | Jan. 9, 2017
|
| Lead manager: | J.P. Morgan Securities LLC
|
| Coupon: | 2.9%
|
| Price: | 102.622
|
| Yield: | 2.334%
|
| Spread: | Treasuries plus 162 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Total issuance: | $1,425,000,000, including $1 billion priced on Jan. 4 at 205 bps over Treasuries
|
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